Huge Trading Week Features Fed Meeting, Jobs Data, and Apple Earnings
Apple will release earnings on Tuesday
Earnings season will continue to dominate the headlines next week, as Dow stocks McDonald's (MCD), Merck & Co.,Inc (MRK), and Pfizer (PFE) will all be featured. Meanwhile, FAANG name Apple (AAPL), Elon Musk-led Tesla (TSLA), and social media giant Snap (SNAP) will also have their moment in the spotlight.
Earnings are hardly the only highlight of the week, though. The Federal Open Market Committee (FOMC) meeting will kick off on Tuesday, which will have investors tuned in for clues about upcoming interest rate hikes. A slew of other economic data is sprinkled in throughout the week, culminating in April's nonfarm payrolls report on Friday.
Below is a brief list of some key market events scheduled for the upcoming week. All earnings dates listed below are tentative and subject to change. Please check with each company's respective website for official reporting dates.
On Monday, April 30, the Chicago purchasing managers index (PMI), personal income, and pending home sales will kick off the week. McDonald's (MCD), Akamai Technologies (AKAM), AK Steel (AKS), Allergan (AGN), Arconic (ARNC), Diamond Offshore (DO), Transocean (RIG), U.S. Concrete (USCR) will report earnings.
The Fed meeting will begin on Tuesday, May 1, while auto sales, Markit's manufacturing PMI, the Institute for Supply Management's (ISM) manufacturing survey, and construction spending data will also be released. Merck (MRK), Pfizer (PFE), Apple (AAPL),Aetna (AET), Allstate (ALL), Archer Daniels Midland (ADM),BP (BP), CH Robinson (CHRW), Community Health (CYH),Gilead Sciences (GILD), GrubHub (GRUB), Juniper Networks (JNPR) Incyte (INCY), Lumber Liquidators (LL), Seagate Technology (STX) Shopify (SHOP), Snap (SNAP), Tapestry (TPR), T-Mobile (TMUS), and Under Armour (UAA) will step into the earnings confessional.
Wednesday, May 2, brings the ADP employment report, the MBA mortgage index, and weekly crude inventories. Then, of course, the Fed will release the latest monetary policy update. 3D Systems (DDD), Acorda Therapeutics (ACOR), AmerisourceBergen (ABC), Avis Budget (CAR), Cerner (CERN), Chesapeake Energy (CHK), Cirrus Logic (CRUS), Clorox (CLX), CVS Health Corp (CVS), FireEye (FEYE), Fitbit (FIT), Garmin (GRMN), Humana (HUM), Kraft Heinz (KHC), Marathon Oil (MRO), MasterCard (MA), MetLife (MET), Molson Coors Brewing (TAP), Prudential (PRU), Qorvo (QRVO), SodaStream (SODA), Southern (SO), Spotify (SPOT), Square (SQ), Tableau Systems (DATA), Tesla (TSLA), Wayfair (W), and Yum! Brands (YUM) will all unveil earnings.
Weekly jobless claims, productivity and costs, factory orders, the ISM non-manufacturing index, Markit's PMI services index, and international trade data are due out on a busy Thursday, May 3. DowDuPont (DWDP), 2U (TWOU), Activision Blizzard (ATVI), AerCap (AER), Blue Apron (APRN), Cardinal Health (CAH), Century Aluminum (CENX), GoPro (GPRO), Herbalife (HLF), ILG (ILG), Kellogg (K), Live Nation (LYV), Medifast (MED), Pandora (P), Regeneron Pharmaceuticals (REGN), Sarepta Therapeutics (SRPT), Shake Shack (SHAK), Skyworks Solutions (SWKS), Stamps.com (STMP), Tesaro (TSRO), Teva Pharmaceutical (TEVA), Universal Display (OLED), Weight Watchers (WTW), and Wingstop (WING) will report earnings.
On Friday, May 4, the week will close out with the April nonfarm payrolls report. Earnings from Alibaba (BABA), Cboe Global Markets (CBOE), Celgene (CELG), Immunogen (IMGN), and Newell Brands (NWL) will close the book on a busy week of reports.